Question

From the following data, nd out the total amount of rent to be debited for the Income and Expenditure Account for the year ending 31.12.2004.

	Rs.
Rent paid during the year	2500
Rent outstanding on 31.12.2004	400
Rent paid in advance on 31.12.2004	300
Rent outstanding on 31.12.2003	250
Rent paid in advance on 31.12.2003 paid in advance on 31.12.2009	300

Answer 1

	Rs.	Rs.
Rent paid during the year		2500
Add Rent outstanding on 31.12.2004	400
Rent paid in advance on 31.12.2003		700
		3200
Less Rent outstanding on 31.12.03	250
Rent paid in advance on 31.12.04	300
Amount debited to		550
Income and Expenditure Account		2650